Shares of International Paper Co (NYSE:IP) have received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $52.40.
Several analysts have weighed in on IP shares. Barclays lowered their target price on International Paper from $40.00 to $39.00 and set an “underweight” rating on the stock in a report on Monday, April 1st. Stephens raised International Paper from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $50.00 to $60.00 in a report on Wednesday, January 23rd. Bank of America lowered International Paper from a “buy” rating to a “neutral” rating in a report on Tuesday, April 16th. Citigroup reissued a “buy” rating and issued a $53.00 target price on shares of International Paper in a report on Friday, February 1st. Finally, Deutsche Bank lowered their target price on International Paper from $55.00 to $46.00 and set a “hold” rating on the stock in a report on Thursday, January 17th.
In related news, insider Gregory T. Wanta sold 9,000 shares of the stock in a transaction dated Monday, February 25th. The stock was sold at an average price of $47.72, for a total transaction of $429,480.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Jeanmichel Ribieras sold 5,000 shares of the stock in a transaction dated Tuesday, April 30th. The stock was sold at an average price of $46.85, for a total value of $234,250.00. The disclosure for this sale can be found here. Insiders sold 45,760 shares of company stock worth $2,150,687 over the last 90 days. Company insiders own 0.33% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ladenburg Thalmann Financial Services Inc. lifted its position in International Paper by 15.9% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 133,386 shares of the basic materials company’s stock worth $6,205,000 after buying an additional 18,311 shares during the period. One Wealth Advisors LLC purchased a new position in International Paper during the first quarter worth about $125,000. Massmutual Trust Co. FSB ADV lifted its position in International Paper by 26.4% during the first quarter. Massmutual Trust Co. FSB ADV now owns 4,088 shares of the basic materials company’s stock worth $189,000 after buying an additional 855 shares during the period. Man Group plc lifted its position in International Paper by 59.2% during the first quarter. Man Group plc now owns 65,743 shares of the basic materials company’s stock worth $3,042,000 after buying an additional 24,447 shares during the period. Finally, M&T Bank Corp lifted its position in International Paper by 0.4% during the first quarter. M&T Bank Corp now owns 97,912 shares of the basic materials company’s stock worth $4,530,000 after buying an additional 413 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.
International Paper stock opened at $44.82 on Thursday. The company has a current ratio of 1.43, a quick ratio of 0.96 and a debt-to-equity ratio of 1.37. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of 8.42, a PEG ratio of 1.71 and a beta of 1.55. International Paper has a fifty-two week low of $37.55 and a fifty-two week high of $59.57.
International Paper (NYSE:IP) last posted its earnings results on Thursday, April 25th. The basic materials company reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.20. The company had revenue of $5.64 billion for the quarter, compared to analyst estimates of $5.73 billion. International Paper had a return on equity of 31.35% and a net margin of 7.32%. International Paper’s revenue was up .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.94 earnings per share. Equities analysts predict that International Paper will post 5.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Stockholders of record on Tuesday, May 28th will be given a $0.50 dividend. The ex-dividend date of this dividend is Friday, May 24th. This represents a $2.00 annualized dividend and a dividend yield of 4.46%. International Paper’s dividend payout ratio is currently 37.59%.
International Paper Company Profile
International Paper Co engages in the manufacture of paper and packaging products. It operates through the following segments: Industrial Packaging, Global Cellulose Fibers, and Printing Papers. The Industrial Packaging segment involves in the manufacturing of containerboards, which include linerboard, medium, whitetop, recycled linerboard, recycled medium, and saturating kraft.
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